CME, Eurex rebuff calls to compensate members for losses

BlackRock and BNP want CCPs that recover from a default to reimburse members and clients

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The chief risk officers of CME Group and Eurex Clearing have both rejected calls for clearing houses to compensate members and clients that incur extreme losses after a default.

Dmitrij Senko, CRO of Eurex Clearing, called the idea “alarming”.

Lee Betsill, CRO of CME Group, said it would “create some perverse incentives” in the event of a default. 

Senko and Betsill were speaking at a conference organised by Eurex in Frankfurt on February 27.  

If a clearing member defaults, the central

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